When I first read Jevgenijs Kazanins’ very excellent fintech take on why Cash App Pay could be the next major driver of Block’s growth in the face of some challenging headwinds for Block, I was floored by the initially compelling case. He argues that if Cash App can incentivize more payments volume to go through Cash App Pay, there is an opportunity for massive gross profit uplift, because Cash App Pay’s take rate is substantially higher than Cash Card’s take rate on purchase volume.
Awesome to have a debate on the topic! Let me think through your arguments!